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The U.S. manufacturing industry could produce an additional 3.7 million jobs by 2025, according to a study by the Aspen Institute and the Manufacturers Alliance for Productivity and Innovation. International trade agreements and reduced electricity costs could contribute to increased exports by chemical manufacturers and other industries.

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Ohio won't completely repeal its energy targets, but it may reduce its requirement that utilities source 25% of their power from renewables by 2025, said Troy Balderson, chairman of the Energy Mandates Study Committee. The committee is expected to submit its recommendations on the rule, which has been frozen for two years, by Sept. 30. Ohio should preserve the standard, as the wind industry has the potential to create jobs, provide low-cost power and improve air quality, said American Wind Energy Association Vice President of Federal Regulatory Affairs Tom Vinson.

Bulk chemical production will account for much of the country's industrial energy consumption over the next 25 years, according to the Energy Information Administration. Chemical shipments are expected to increase from $288 billion in 2013 to $429 billion by 2025, said the EIA. Meanwhile, the chemical industry's use of natural gas as a feedstock will likely increase 3% per year through 2025.

The U.S. shale gas boom is expected to create up to a million jobs in manufacturing by 2025 amid technological advances in hydraulic fracturing, according to a University of Michigan report. Low-cost gas will revive "energy-intensive manufacturing sectors," which could in turn help reduce costs for manufacturers that use steel, glass and paper, among others, by about $12 billion per year, the study said.

U.S. manufacturing could experience a strong resurgence through 2025 with a few policy shifts, according to an econometric forecast model from the Aspen Institute and Manufacturers Alliance for Productivity and Innovation. The sector could contribute as much as 15.8% of GDP and add 3.7 million jobs by 2025.

U.S. shale natural gas is helping American manufacturers produce more for less and increase the sector's share of gross domestic product. "It makes America a low-cost jurisdiction for any energy-intensive manufacturing of the value-add kind," said Dow Chemical Chairman and CEO Andrew Liveris. "We believe that, by 2025, the manufacturing sector could save $11.6 billion in cost, and could create up to 1 million manufacturing jobs attributed to shale gas," said Bob McCutcheon, an analyst with PricewaterhouseCoopers.